Student loan bills are expected to come back in May for members with Federal student loans. SoFi, the largest provider of student loan refinancing, has refinanced more than $30 billion+ in student debt and may be able to reduce the cost of your student debt.
Through NSHSS partnership with SoFi, members can take advantage of the following benefits:
- 0.125% rate discount*: For members who start their application through
- Serious savings: Save thousands thanks to flexible terms and low variable or fixed rates
- Simplicity: Consolidate all student loans into a single loan with one monthly payment
- No fees: No application fees and no prepayment penalties for paying off your loan early
Have Federal loans? SoFi can help you lock in a lower rate today and pay nothing until June 2022, after the Federal student loan forbearance ends. Here’s how it works:
- Lock in a lower refi rate and 0.125% rate discount by applying through
- Keep 0% interest until April 18th, 2022
- Make zero payments until June 1st, 2022
- If you change your mind, you can cancel anytime up until April 18th, 2022
Don't have student loans? NSHSS partners with SoFi to offer other products to help you reach your financial goals, including personal loans.
SoFi Personal Loans: The SoFi Personal Loan is designed to help you borrow money for any kind of personal use such as paying off credit card debt, investing in home improvements, or paying for an unexpected medical expense. For more information and to qualify for a $200 cash bonus** when you take out a loan, please visit.
NOTICE: Recent legislative changes have suspended all federal student loan payments and waived interest charges on federally held loans until 05/01/22. Please carefully consider these changes before refinancing federally held loans with SoFi, as in doing so you will no longer qualify for these changes or other future benefits applicable to federally held loans.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and terms are subject to change at any time without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment, Income Contingent Repayment, or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS #1121636. (www.nmlsconsumeraccess.org)
*Rate discount for refinancing your student loan: Terms and conditions apply. Offer good for new student loan refinancing customers only and subject to lender approval. To receive the offer, you must: (1) register and/or apply through this landing page; (2) complete a loan application with SoFi within 90 days of your application submit date; (3) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.125% rate discount because of your involvement with a SoFi partner company at the time of loan origination. Offer good for new customers only. Cannot be combined with other rate discounts, with the exception of the 0.25% AutoPay rate discount. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.
**Additional Terms and conditions apply. Offer is subject to lender approval. To receive the offer, you must: (1) register and/or apply through the referral link you were given; (2) complete a loan application with SoFi; (3) have and provide a valid US bank account to receive bonus; (4) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, you will receive your welcome bonus via automated clear-ing house (ACH) into your checking account within 30 calendar days. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.